Cheniere Energy Partners said that it has agreed to sell 10,100,000 of its common shares in an underwritten public offering pursuant to an effective registration statement.
Cheniere Partners Holdings intends to use the net proceeds from the offering to redeem from Cheniere Energy a number of its shares held by Cheniere equal to the number of shares offered and sold in the offering, at a price per share equal to the net proceeds (after deducting underwriting discounts and offering expenses) per share in this offering.
After giving effect to the consummation of the offering and the application of the net proceeds therefrom, Cheniere will hold 80.1% of the outstanding shares, according to a statement by Cheniere.
A registration statement relating to the offering of the common shares has been filed with the U.S. Securities and Exchange Commission and has become effective.
Credit Suisse Securities (USA) is serving as the sole underwriter in the offering.
Press Release; Image: Cheniere